Annual Limits |
2025 |
2024 |
2023 |
| Employee Elective Deferrals for 401(k), 403(b) and 457(b) Plans | $23,500 | $23,000 | $22,500 |
| Employee Elective Deferral Catch-Up* | $7,500 | $7,500 | $7,500 |
| Maximum Annual Compensation | $350,000 | $345,000 | $330,000 |
| Defined Contribution Annual Addition Limit | $70,000 | $69,000 | $66,000 |
| Highly Compensated Threshold |
$160,000 | $155,000 | $150,000 |
| Defined Benefit Annual Limit | $280,000 | $275,000 | $265,000 |
| SIMPLE IRA Contribution Limit** | $16,500 | $16,000 | $15,500 |
| SIMPLE IRA Catch Up Contribution** | $3,500 | $3,500 | $3,500 |
| Traditional IRA and Roth IRA Contribution Limit | $7,000 | $7,000 | $6,500 |
| Traditional IRA and Roth IRA Catch Up Contribution | $1,000 | $1,000 | $1,000 |
| Social Security Taxable Wage Base | $176,100 | $168,600 | $160,200 |
*SECURE 2.0 increases the catch-up limit to $11,250 for employees aged 60-63
**SIMPLE IRA deferral limits are increased to $17,600; $21,450 if age 50 or older if the employer: (a) has 25 or fewer employees receiving $5,000 of compensation, or (b) has more than 25, but less than 100 employees and makes either a 4% match or a 3% nonelective contribution.
Securities offered through Cambridge Investment Research, Inc., a Broker/ Dealer, Member FINRA/SIPC. Advisory services offered through Cambridge Investment Research Advisors, Inc., a Registered Investment Advisor.
Cambridge Investment Research, Inc. 613 Baltimore Drive, Wilkes Barre PA 18702
Phone: (570) 831-9905
For professional consultation, contact Marianne Lyons
